This counter no hope already! Oil price hard to fly anymore unless shale oil surrender as soon as possible! Else longer time the company should getting more suffer!

It seems someone waiting others throw in cheaper price and buy back! Don't simply throw, now the share price is undervalued! It should be at least 2.80 - 3.00 based on last quarterly report!

Now really half of the highest share price since 2014 April. Cheap share, buy buy buy!!! Just very curious April crude trade at 42 USD share price is 2.40, now 60 USD also 2.40! Unpredictable! :(

Why this morning panic selling so heavy after quarter report was released? Past few months Brent price below 60 USD (42-57), it still can make 336 millions profit and sustained. Currently Brent more than 60 USD since April, we can expect more profit in the next quarter and dividend given!

Great earning! Any dividend is given?

What happen today market? So many fundamental shares are dropping?

No more support point! Keep dropping! Will market collapsed?

Will Malaysia market will be collapsed since quite a long times market volatilize and never have true rebound if compare with country nearby?

But why now keep dropping to 0.250? Will it drop back to 0.200 since it keeps drop from 0.290? What is the bottom price?

But US summer starts from 21 June, their car sales so high from last week data, i think oil price sure will rebound higher than now during this summer.

Thanks your info, blackul66. But currently oil price keeps uptrend, think tonight will break highest price in this year, but most of the oil stocks are still no much move if compare with last few months although today market sentiment quite good? Investors worry the uptrend is temporary and drop back later? Maybe need wait another few days all the oil shares price will be fly?

But long term in 70-80, Will Malaysia oil companies make profit or still losses?

OIl price keep uptrend, go go go break 70 (Brent) USD by this month! Shale oil surrender, Opec must win this time. Let's see tonight EIA report, feel US production will keep dropping more and more because they are clever businessman.

What happen for this stock, oil price surges, it down, oil price down, it also down. Almost down to lowest price. :(

So when the 1MDB case is settled? Why RM still is depreciated since oil price stable at 60-65? If it still dropping everyday every week really hard to buy share anymore.

When market wlll be recovered? Too hard invest recently!

Ya. Everyday downtrend! What's happen? :(

Any dividend is given in coming quarter report? Any insider news? :)

May i know when is the quarter report will out? This week or next week? TQ.

Why this company shares keep dropping? The company earns some much money also no help? Is it related with government counter?

Any problem for this company? Why it keeps dropping and dropping?

If they really maintain their output at 30 million barrels per day, i think the oil price will start to increase but slowly since shale oil production and rig count are dropping gradually and Summer is coming. Even Iran production increase, i don't think the oil price will drop below 50 USD. Sk quarter report will be out soon, let's us see whether the company still profitable and better if compare with last quarter report.

Any insider news about tonight opec meeting?

Worst to worst OPEC don't cut later and maintain the output at 30 millions barrels then oil price should surge slowly, at least will not drop until 42 USD because Shale oil production and rig count are gradually dropping and US summer is coming. And i believe that sk financial will get more profit after so many contracts are confirmed and sustain around 65 USD (Brent) for long period. Maybe we can see sk next weeks quarter report and decide. Furthermore if OPEC cut production later, the oil price sure will surge very fast. Let's see later 09.30 CEST or 3.30pm (Malaysia time). So any problem for my analysis? Is that any issue i didn't count in?

Any update about OPEC tomorrow meeting? I heard someone said they have their target oil price to maintain in this coming months to avoid financial deficit is too over in this coming month. Anyone hear about this? 65? 80?

It's hard to break 0.30, got ppls keep selling at 0.285 and 0.290!! I wondering last time how it can break 0.30 and surge to 0.340!

Is it possible back to 0.340? How to calculate the valuation of a company? Can give some guidelines? TQ.

Market sentiment is getting better but Xinghe still downtrend to so low price. Think no investors dare to invest it anymore even its QR really good!!!

Ya. blackul66 is right! I get some news about Iran is discussing with some opec members how to cut production in a fair and better way yesterday night. But all of these discussion final decision is made by Saudi i think. I just remind that about 2 months ago, Saudi ministry got mention that Saudi is ready to cut production to boost up the price anytime but it must involve all the most oil exporters especially Russia. Hopefully this Friday meeting they all can have a big surprised in collaborate each others to cut production like past history since shale oil production is reducing gradually now! Pray!

How come the cb will no move? Based on calculation it should surge at least 0.075 (main stock price 3.54) but currently only 0.060-0.065?

Is it possible Opec cut production? How big the impact if Opec cut production this Friday? Currently crude price more than 60 USD ad.

If sk coming qr shows earn more than last quarter (last few months crude trade at 42-55 USD), then it means can survive at 60 USD for long period? Then the valuation of company will also increasing? Thanks you all precious comments, it makes me getting more confidence to hold this counter for long term. TQ.

Ya. Maybe at least keep for quarter report out this month and get the dividend and only decide how. But I still strong believe one day it will rebound back to RM4.80 once US shale oil production keep dropping in coming weeks due to unable survive below 60 (big companies) / 65 (most companies) or OPEC cut production if they feel unreasonable to sell oil at 60 USD in long period!

How come last friday crude price surge to 60 USD due to rig count is dropping 13 to 646 rigs from 1800++ rigs accidentally, Malaysia petrol increase 10 cents, but why sk share price is dropping? Really don't understand why? Investors panic for those rumors and analyst prediction or? Please give advise. TQ.

Let's see tonight US rig count report! But next week OPEC meeting really is Oil stocks busy week!

Ya. I agree with skyjuice2 analysis, Xinghe really a con company. My hard earn money all drop into sea already. Their share price keep dropping and dropping especially their warrant (how come their major shareholders can dispose so huge volumes of warrant into market?), never uptrend after free the warrant. I am thinking if no one invest to their company, it will become how?

Sk confirm to be shariah complaint list. http://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_150529.pdf. :)

Really curious crude 42 USD per barrel perisai share price is 0.380, now trade at 57 USD share price is 0.430! What wrong of this formula and logic?

That why all oil shares price are keep dropping this month since May because the government don't increase the petrol price although the brent and crude oil price are surging? I am really curious why the oil price surging but the oil share price is keep dropping.

Actually new petrol price whether will affect those oil share price? May i know why if it is. TQ

When the quarter report is out? Today? Please advise. TQ.

Ya. Hopefully today market sentiment is getting better, EIA provided data for US storage keep increasing very much by tonight and oil price fly back more than 60 USD. Then with the shariah compliant factor, sk should fly very high!

So will it fly after listed on Shariah Compatible? Any Islamic fund manager will buy it after listed since it is a fundamental blue chip company? Any insider news? Hehe.. In my personal research, it is a quite stable oil related company in Malaysia, am i correct? Is there any worry for this company if i want to keep it for long term as i planning to top up more and more? Normally oil price should surge back fast if either OPEC or shale oil surrender in coming months based on history.

The money holding is emergency used then better sell, else if the money even loss until 0.005 you also no problem then can consider hold until the report out. But be remind that never ever try to top up more volumes when it is suddenly uptrend!!! Only sell is advisable! Take care!

The warrant even worse, from the day i bought at 0.050 & 0.045 until now, only is downward to 0.020, everyday keep dropping to 0.025 and today suddenly down further to 0.020 (don't know why the warrant no allow to up, only can down) and finally i surrender! Really hopeless counter!

If no loss too much, better sell all and leave far far away! I had been bought since the day of free warrant until now, it never get up, only will downtrend to the lower and lower. I am guessing their factory at Klang project whether is cancelled or their report is too bad result! Stock surely is up and down but this stock is only down further and further from my observation! Really scaring!

Another trap is setting up with huge volumes of mother stock, be careful everybody! Will make you get another trap later if you buy the stock again! Really be extra careful with its huge amount selling later!

Why got so huge volumes continuously throwing at 0.020 for the warrant? Is their company going to bankruptcy? Anyone knows any insider news? Really scare of this stock! The trend is only dropping, never up after giving the free warrant. My hard earn money are gone :(

What happen for the warrant? Keep dropping with so huge volume at 0.020!!! The mother share also suddenly drop back to 0.060!!! Really a typical China company! Hopeless ...

Anyone know how big the impact if listed on Shariah Compatible? How high the shares can uptrend? Can give some knowledge about this? TQ.